Funding round
Lalamove Series D
Lalamove, which works in courier and delivery services in Taipei, raised $300M in a Series D round announced on 20 Feb 2019, led by Hillhouse, Sequoia Capital and HSG, at a $1.00B post-money valuation. 9 firms took part. It is Lalamove's third venture round on record; the one before was a Series C in Oct 2017.
$300M
Amount raised
$1.00B
Post-money valuation
$700M pre-money
9
Investors
3 leads
30%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Lalamove at $1.00B after the new money. The $300M bought investors about 30% of the company. It came 16 months after Lalamove's Series C. It is 12% of the $2.44B Lalamove has raised in the venture rounds on record. Lalamove raised again 22 months later: a Series E round of $515M in Dec 2020, at $8.00B post-money.
Lalamove's funding rounds
Lalamove has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Other not a venture round 8 Sep 2015, led by MindWorks, AppWorks and Crystal Stream $10M
- Series B 10 Jan 2017, led by Xiang He Capital $30M
- Series C 11 Oct 2017, led by Shunwei Capital $100M
- Series D this round 20 Feb 2019, led by Hillhouse, Sequoia Capital and HSG $300M$1.00B post-money
- Series E 22 Dec 2020, led by HSG and Sequoia Capital $515M$8.00B post-money
- Series F 20 Jan 2021, led by Hillhouse $1.50B$10.00B post-money
Investors
Who put money in
Hillhouse, Sequoia Capital and HSG led the round with 6 other firms.
Lead investors
- Hillhouse backs 54 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- HSG backs 118 venture-backed companies
Also in the round
- Eastern Bell Venture Capital new investor
- backs 36 venture-backed companies new investor
- PV Capital new investor
- backs 14 venture-backed companies new investor
- backs 4 venture-backed companies new investor
- backs 13 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Shipping Couriers, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| XpressBees Shipping Couriers | 2 Jan 2020 | $10M | not disclosed | not named |
| Tech Companies | 12 Feb 2019 | $226M | $970M | Sequoia Capital |
| Movers & Heavy Transportation | 20 Feb 2019 | $200M | $600M | SoftBank Vision Fund |
| Investment Consultants & Financial Advisors | 6 Feb 2019 | $114M | not disclosed | Index Ventures and PayPal |
| Tech Companies | 28 Feb 2019 | $65M | not disclosed | Warburg Pincus |
| Tech Companies | 20 Feb 2019 | $50M | not disclosed | GV |
| N26 Banks & ATMs | 9 Jan 2019 | $300M | $2.70B | Insight Partners and GIC |
| Media Companies | 14 Jan 2019 | $264M | $1.06B | Boyu Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Lalamove raise in its Series D round?
Lalamove raised $300M in its Series D round, announced in Feb 2019.
Who led Lalamove's Series D round?
Hillhouse, Sequoia Capital and HSG led it, with Eastern Bell Venture Capital, Shunwei Capital, PV Capital, Xiang He Capital and 01 Ventures and 1 more.
What was Lalamove's valuation at the Series D round?
$1.00B post-money ($700M pre-money).
Did Lalamove raise again after this round?
Yes: a Series E round in Dec 2020 of $515M at $8.00B post-money.